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G-20 to Hail Bank Reform But Hurdles Remain

By

Nathalie Boschat And

Natasha Brereton

Updated Nov. 10, 2010 8:05 a.m. ET

SEOUL—International leaders this week will hail progress on work to deal with large or important banks when they get into trouble, but national sovereignty remains a major stumbling block in a process that still has a very long way to run.

Leaders of the Group of 20 industrial and emerging economies had originally hoped that the end of this year would herald the launch of internationally consistent recovery and resolution plans and tools for so-called systemically important financial institutions, or SIFIs. But the plans...